Parliament to consider better protection for small shareholders

A major victory in our fight for better protection for minority shareholders!

Today marks an important milestone in our ongoing fight for better protection of minority shareholders and the strengthening and restoration of confidence in our capital market. The Parliamentary Finance Committee's acceptance of a request from N-VA MEP Michael Freilich to hold hearings on this crucial issue is a victory that should not be underestimated.

During the hearing, the Financial Services and Markets Authority (FSMA) itself will be directly called upon to provide clarification, as will experts and victims. This is a first step in recognising the seriousness of the problem (which has been confirmed by several members of the Committee) and hopefully the start of developing effective, widely supported solutions that will lay the foundations for a stronger rule of law and a healthier economic future.

Why is this important? Small shareholders, such as those in Nyrstar and many other listed and unlisted companies, have suffered from bad governance for too long. A more robust capital market attracts large investors and strengthens our economy. Justice must prevail: We must ensure that our legal system is equipped to deal with corporate raiders.

This is an important step towards a safer and more transparent investment climate in Belgium. Together, we are building a future where standards, values and economic prosperity go hand in hand.

Go to original article 'De Tijd'

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